Elon Musk is very likely to pay less for Twitter than his $44 billion offer made last month. The hint regarding such speculations was dropped by the Tesla CEO on Monday when he told a Miami technology conference that a viable deal at a lower price would not be out of the question. The development was confirmed by a report with Bloomberg, which said it viewed a live stream video of the conference posted by a Twitter user, stated
At the All In Summit, Musk had estimated that at least 20 per cent of Twitter’s 229 million accounts are spam bots, percentage he said was at the low end of his assessment, according to the report.
The appearance came a few hours after Musk began trolling Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company’s effort to fight bots and how it has consistently estimated that less than 5 per cent of Twitter accounts are fake.
In all, the day’s events bolstered theories from analysts that Musk either wants out of the deal or is seeking a lower price, largely due to a huge decline in value of Tesla stock, some of which he has pledged to finance the Twitter acquisition.
Twitter shares closed Monday down just over 8 per cent at $37.39, below where the stock was just before Musk disclosed that he was Twitter’s largest shareholder. Musk made the offer to buy Twitter for $54.20 per share on April 14.
